European stocks ended lower on Thursday, with a key index hitting a two-month low, as data that showed the euro zone had slipped into recession again spooked investors.
Europe's largest financial institutions, which have been readjusting since the onset of the 2008 financial crash and the sovereign debt crisis that followed, are causing pain all over the globe that will have long term implications, according to analysts. They argue that the situation will only worsen without the proposed European banking union.
Global banks operating in London have been warned by the top UK bank supervisor that this year’s staff bonuses must reflect the mis-selling and market manipulation scandals that have damaged the sector in the past 12 months. The FT reports.
Max Knudsen, chief market strategist at ADS Securities, highlights the strong improvement in the euro over the past four weeks and the growing confidence in the currency.
Tuesday, 18 Jun 2013 | 11:30 AM ETAlberto Gallo, head of European macro credit research at RBS, prefers European high-yield bonds to U.S. bonds, over the medium-term.
Tuesday, 18 Jun 2013 | 11:30 AM ETEuropean shares closed mixed on Tuesday, after better-than-expected economic data from Germany, and stock market gains in the U.S.
The Federal Reserve won't change course on quantitative easing this week, Steve Weiss of Short Hills Capital says.
Tuesday, 18 Jun 2013 | 7:10 AM ETAn airline passenger records a Chinese cargo handler as he tosses boxes of something on to and off of a conveyor belt for shipment. Hopefully, the cargo was packed well.
Tuesday, 18 Jun 2013 | 9:33 AM ETPlans to take PC maker Dell private by leveraging the company's balance sheet are misguided, CNBC's Jim Cramer said on "Squawk on the Street" Tuesday, because the company is facing lower margins and an increased competition from rival Hewlett Packard.